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Gulf opens door to public Jewish life amid Israel ties

Gulf opens door to public Jewish life amid Israel ties
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Gulf opens door to public Jewish life amid Israel ties

Gulf opens door to public Jewish life amid Israel ties
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Consortium bidding for Finablr in merger talks with Bahrain's BFC Group

Consortium bidding for Finablr in merger talks with Bahrain's BFC Group
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Israeli-UAE consortium is now in talks to buy Bahrain's BFC Group

Dubai: A consortium, consisting of Prism Group AG and Royal Strategic Partners, is in merger talks with Bahrain’s BFC Group Holdings. A deal would create the largest remittance services and currency exchange group in the MENA region.
Negotiations with BFC are at an advanced stage and the transaction should be finalised by the second quarter of 2021, the companies said in a statement.
“We are confident of the deal concluding and excited about taking a major step towards creating a market-leading, pan-global financial services company in the region,” said Amir Nagammy, Prism Group CEO, in a statement.
Prism Group and Abu Dhabi’s Royal Strategic Partners formed a consortium in December 2020 and agreed to buy the assets of Finablr, including brands such as UAE Exchange, Unimoni and Xpress Money brands. BFC Group’s products include BFC Forex and BFC Payments. ....

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Consortium in merger talks with BFC Group

services powerhouse. Image: Pexels
ABU DHABI, February 24, 2021
The consortium behind the acquisition of UAE Exchange is in advanced discussions with BFC Group Holdings over a potential merger that would create a regional financial services powerhouse in the Middle East with licences to operate in over 30 countries, a statement said.

Prism Group AG and Abu Dhabi’s Royal Strategic Partners formed a consortium in December 2020, which agreed to buy the assets of Finablr Ltd, which has a presence in 170 countries and includes the UAE Exchange, Unimoni and Xpress Money brands, from Finablr. BFC Group’s products include BFC Forex and BFC Payments. ....

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